GDX - Strong Buy - Crossing 10WeekMA for AMEX:GDX by jbird7839

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VANECK VECTORS ETF TRUST GOLD MINERS ETF (AMEX:GDX)

AMEX:GDX VANECK VECTORS ETF TRUST GOLD MINERS ETF

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GDX buy signal on Daily.
About to cross 10WeekMA for strong bullish continuation. Anytime 10Week is crossed we see bullish confirmation (weeks).
Trend turned bullish on Filter Dots.
Gaps to fill above in the $30's imply over 30% gains from current price. Not sure if we get this high, but bullish trend just starting today/tomorrow.

SPY looking to go down soon. VIXY looking to go up.
Only makes sense that GDX becomes risk on (as confirmed by the moving average proximity to current price).

Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC , BTCUSD , GDX , VIXY .
Short SPY and AAPL .

Tomorrow there's 10M shares to dump from dark pool. Short term it is down. Be careful.

mappycarol

@mappycarol, Thank you mappy. Do you have any source? I have no sources for dark pool.
Thanks for the heads up. I will watch this one until we cross that moving average.

jbird7839

@jbird7839, my friend has level II data feed subscription. The dark pool tape can be checked after the trading hours. He warned our trading group. There is a good opportunity to short gdx tomorrow morning.

mappycarol

@mappycarol, Worth a shot to ask. Thanks. I always appreciate your input. :)
The pattern is saying it goes down to $26 support. Dec. 20th or sooner pattern decides.
I have Trade Ideas and I see 15 million shares sold. Price went down to $27.11 from $27.17.
Not sure if this is what that person is talking about. Price is down 3 cents from close.
Worth a note - GDX has 407 Million Shares Float (huge). https://www.marketwatch.com/investing/fund/gdx
We are all pawns with the algo computers anyways LOL just do our best any pray

jbird7839

@jbird7839, You are more experienced than me. 10 million shares sounds like a big number, but it is probably not a huge resistance to GDX. My friend is very short term trader. So it probably nothing. Thank you for verifying the data!

mappycarol

@mappycarol, Totally glad to help. The reason why your friend thought it was weird is because the 10Million+ shares were sold on a 1Min chart.
But I looked back on the 1Min 2-3 days and saw intraday 4Million, 6Million, purchases and sales.
Either way you are correct to notice this as significant. I need all the eyes I can get :)